About the position
MCM (Modern Creation München) is a luxury lifestyle goods and fashion house founded in 1976 with an attitude defined by the cultural Zeitgeist and its German heritage with a focus on functional innovation, including the use of cutting edge techniques. Today, through its association with music, art, travel, and technology, MCM embodies the bold, rebellious and aspirational. Always with an eye on the disruptive, the driving force behind MCM centers on revolutionizing classic design with futuristic materials. Appealing to the 21st Century Global Nomad generation - MCM's millennial and Gen Z audience is genderless, ageless, empowered and unconstrained by rules and boundaries. MCM is currently distributed online and in 650 stores worldwide including Munich, Berlin, Zurich, London, Paris, New York, Hong Kong, Shanghai, Beijing, Seoul, Tokyo, Middle East and more. For further information about MCM: www.mcmworldwide.com. With a highly collaborative workforce working from offices and stores around the world, MCM established a multinational/multicultural organization. To uphold the culture & value of MCM, we intend to fulfil our corporate social responsibility by implementing the following values and to comply with high degree of legitimacy and ethical standards. Our employees make the best efforts to become high-performing individuals who reflect the diversity of the communities in which we work and live. MCM's commitment to diversity and inclusion includes recruiting and retaining employees from diverse backgrounds and experiences, creating awareness of diversity issues and benefits, and fostering a supportive environment where inclusivity is expected and prioritized. We have zero tolerance in any form of harassment, insultation, ostracization or groundless defamation of any other person.
Responsibilities
- Lead the month end close process to make sure all journal entries are completed in a timely manner and are in accordance with the accounting guidance.
- Prepare and review balance sheet account reconciliations including proper supporting documentation, provide commentary for flux analysis and timely checklist completion.
- Assist in monthly reporting of financial results and variance analysis to global finance team.
- Oversee the Lease & Fixed Asset accounting to ensure accuracy.
- Oversee Accounts Receivable and ensure chargebacks are resolved timely and aging is kept current.
- Oversee cash/sales reconciliation and ensure sales funding is properly received and reported in bank.
- Prepare weekly and monthly bank reconciliations including cash reconciliations for various third party payment providers (Klarna, Paypal, Merchant Services, Authorize.net).
- Oversee Accounts Payable to ensure all payments are made timely and accurately.
- Partner with Logistics and Retail teams to ensure inventory is accurate.
- Oversee and coordinate weekly cycle counts and annual stock takes in the retail stores and warehouses.
- Reconcile and report sales taxes monthly and oversee various sales tax/compliance audits as needed.
- Assist and coordinate with internal and external audit requests, tax consultants and other service providers with PBC requests.
- Work cross functionally with various business partners (IT, Logistics, Wholesale, Global finance) on processes, policies, key system improvements and initiatives.
- Partner with IT and Global finance team to transition fixed asset process from excel based to SAP Fixed asset module.
- Assist with ad-hoc projects and other duties as requested.
Requirements
- Proven experience as Accounting Manager or other similar position.
- Bachelor degree in finance or accounting.
- Licensed CPA is a plus.
- Previous Wholesale/Retail Accounting experience strongly preferred.
- Solid knowledge of GAAP (Generally Accepted Accounting Principles) and regulations.
- Knowledge of IFRS (specifically IFRS15 and IFRS16).
- Familiar with Foreign exchange.
- Familiar with consolidations and intercompany reporting.
- Advanced Microsoft Excel (e.g., V lookups, pivot tables) and Microsoft Word skills required.
- Ability to work with a high volume of detailed data - strong analytical, troubleshooting and problem solving abilities.
- SAP Experience a plus.
- Avalara/sales tax software experience a plus.
- Forward-looking thinker who can articulate the need for and implement process improvements.
Nice-to-haves
- Licensed CPA
- SAP Experience
- Avalara/sales tax software experience
Benefits
- Equal Opportunity Employer
- Commitment to a diverse and inclusive work environment
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